Price of Forever stamps going up!
- Thread Starter justblue
- Start date
army judge
Moderator
UPS is struggling to manage it's financial situation.
I know. Just a FYI for anyone who wants to buy some before the price goes up.
I still have a bunch of forever stamps I bought years and years ago.
adjusterjack
Moderator
I use one or two stamps a year and still have most of a roll from a few years ago.
More than just a few years ago. I think I bought my last roll of 100 for $50.
More than just a few years ago. I think I bought my last roll of 100 for $50.
Red Kayak
Well-Known Member
The last time I sent a priority mail envelop from Long Island to Albany NY it had a layover in Dallas TX.
I think that illustrates part of its problem.
I think that illustrates part of its problem.
Tax Counsel
Moderator
Bear in mind that rates for competitive services, like priority mail, are not subject to rate limits set by the Postal Regulatory Commission (PRC). The USPS merely needs to advise the PRC and the public prior to the rate change.
The services that the USPS must get approval from the PRC are those in which the USPS has a monopoly or heavy market power. First class mail is the best example because by federal law only the USPS may provide that particular service. The problem for the USPS is that a lot of these products are money losers. It runs counter to the notion that a monopoly tends to make more money than a company would make on the same product in a competitive market place. That's the effect of regulation. Unfortunately, the requirement that Congress has set for the USPS to operate without funding from Congress can't be met when it is required to provide a service like first class mail but can't charge at least the cost of the service.
